XML 72 R58.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Components of (loss) earnings from continuing operations before income taxes [Abstract]        
United States   $ (15.4) $ 31.1 $ 14.1
Foreign   5.5 10.1 9.9
(Loss) earnings from continuing operations before income taxes   (9.9) 41.2 24.0
Federal [Abstract]        
Current   0.1 0.4 (2.0)
Deferred   (13.0) 7.1 (95.8)
State [Abstract]        
Current   0.2 0.0 0.2
Deferred   (2.5) 1.1 (21.4)
Foreign [Abstract]        
Current   9.6 12.7 10.0
Deferred   (3.3) (2.3) 1.1
Total income tax (benefit) expense   $ (8.9) $ 19.0 $ (107.9)
Reconciliation of federal statutory income tax rate to company's effective income tax rate [Abstract]        
Statutory federal tax   35.00% 35.00% 35.00%
State taxes, net of federal benefit   11.50% 2.40% 2.10%
Taxes on non-U.S. earnings and losses   26.40% (4.90%) (3.80%)
Valuation allowance   (20.90%) 8.30% (471.70%)
Tax credits   20.50% (6.10%) (7.10%)
Compensation   (3.70%) 1.00% 0.40%
Tax rate or law changes   1.30% 1.20% (9.20%)
Uncertain tax positions net of settlements   (4.30%) 2.20% 0.40%
Dividend repatriation   16.00% 2.40% 5.80%
Other   8.10% 4.60% (1.50%)
Effective tax rate   89.90% 46.10% (449.60%)
Deferred tax assets [Abstract]        
Accounts receivable $ 0.1 $ 0.1 $ 0.3  
Inventories 3.6 3.6 3.8  
Plant and equipment 4.3 4.3 0.8  
Pension and employee benefits 52.6 52.6 50.5  
Net operating loss, capital loss and credit carryforwards 109.4 109.4 105.0  
Other, principally accrued liabilities 6.9 6.9 6.8  
Total gross deferred tax assets 176.9 176.9 167.2  
Less: valuation allowance (50.8) (50.8) (48.0)  
Net deferred tax assets 126.1 126.1 119.2  
Deferred tax liabilities [Abstract]        
Plant and equipment 5.5 5.5 5.3  
Goodwill 0.6 0.6 0.6  
Other 1.1 1.1 1.0  
Total gross deferred tax liabilities 7.2 7.2 6.9  
Net deferred tax asset 118.9 118.9 112.3  
Valuation Allowance [Line Items]        
Reversal of deferred tax asset valuation allowances 3.0 3.0   $ 119.2
Foreign tax benefit from law change       2.2
Reconciliation of unrecognized tax benefits [Roll Forward]        
Balance, April 1   5.6 2.1  
Gross increases - tax positions in prior period   0.0 3.1  
Gross decreases - tax positions in prior period   (0.1) 0.0  
Gross increases - tax positions in current period   0.4 0.4  
Balance, March 31 5.9 5.9 5.6 2.1
Unrecognized tax benefits that would impact effective tax rate 3.5 3.5    
Unrecognized tax benefits accrued interest and penalties 0.0 0.0 0.0  
Undistributed foreign earnings [Abstract]        
Tax on undistributed earnings of certain joint equity investment 1.1 1.1    
Undistributed earnings in remaining foreign operations 491.0 491.0    
Foreign Tax Jurisdictions [Member]        
Valuation Allowance [Line Items]        
Valuation allowance recorded against deferred tax assets   5.0 $ 2.6 $ 12.3
Federal and State [Member]        
Tax Credit Carryforward [Line Items]        
Tax credit carryforwards, research and development 23.3 $ 23.3    
Federal and State [Member] | Minimum [Member]        
Tax Credit Carryforward [Line Items]        
Tax loss credit carryforward, expiration date   Mar. 31, 2018    
Federal and State [Member] | Maximum [Member]        
Tax Credit Carryforward [Line Items]        
Tax loss credit carryforward, expiration date   Mar. 31, 2036    
Foreign Tax Jurisdictions [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards 330.7 $ 330.7    
Tax losses subject to expiration 156.9 156.9    
Tax losses not subject to expiration 173.8 $ 173.8    
Foreign Tax Jurisdictions [Member] | Minimum [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards, expiration date   Mar. 31, 2017    
Foreign Tax Jurisdictions [Member] | Maximum [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards, expiration date   Mar. 31, 2035    
State and Local [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards $ 190.8 $ 190.8    
State and Local [Member] | Minimum [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards, expiration date   Mar. 31, 2017    
State and Local [Member] | Maximum [Member]        
Operating Loss Carryforwards [Line Items]        
Tax loss carryforwards, expiration date   Mar. 31, 2036    
Austria [Member]        
Income Tax Examination [Line Items]        
Open tax year for examination by tax jurisdictions   Fiscal 2012 - 2015    
Brazil [Member]        
Income Tax Examination [Line Items]        
Open tax year for examination by tax jurisdictions   Calendar 2011 - 2015    
Germany [Member]        
Income Tax Examination [Line Items]        
Open tax year for examination by tax jurisdictions   Fiscal 2012 - 2015    
United States [Member]        
Income Tax Examination [Line Items]        
Open tax year for examination by tax jurisdictions   Fiscal 2013 - 2015